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The undeniable rise in generative AI prevalence has continued to have a profound effect on the digital asset sector. Indeed, ChatGPT was used in the creation of the meme coin Turbo (TURBO), which has now seen its market cap surpass the $600 million level amid a recent surge. Over the last month, the asset has rallied more than 1,500% to reach its current price of $0.0096. Moreover, the last 24 hours have seen the asset’s market cap increase more than 44%, according to CoinMarketCap. Subsequently, Turbo is seemingly benefitting from 2024’s meme coin mania and the growing interest in AI programs. A glass to the loyal $Turbo fam $TURBO is more than just a memecoin. He is a symbol of the potential of the crypto community. Thank you to all of you! Only through your support and commitment did $TURBO become the token of the people's. 🫂 #CRYPTOREVOLUTION pic.twitter.com/UYLgxHCdm6 — Turbo (@TurboToadToken) May 28, 2024 Also Read: PEPE vs. Shiba Inu:...

Crypto analyst Jason Pizzino says he’s looking at four altcoins flashing signs of strength, which include Solana (SOL) and the memecoin Pepe (PEPE). In a new strategy session, Pizzino tells his 327,000 YouTube subscribers that alongside SOL and PEPE, derivatives platform Pendle (PENDLE) and decentralized GPU rendering blockchain Render (RNDR) have strong-looking market structures. According to Pizzino, Solana looks great against the US dollar. “Solana against USD is holding up pretty damn well, we can see the low here and the 50% [retracement level] back down at $154, so still in a relatively strong position.” Source: Jason Pizzino/YouTube Solana is trading for $https://cdn.thebittimes.com/images/2024/05/28/db2d02ff54d55b6c18f8e9db5b244c7c.webp.09 at time of writing, a 3.3% decrease during the last 24 hours. Moving on to PENDLE, Pizzino says the altcoin could be one of the stronger tokens during the next stage of the cycle. “Pendle is s...

By Tom Analysis, SoSoValue Researcher The Hong Kong Securities and Futures Commission officially announced the list of approved virtual asset spot ETFs, including the Bitcoin spot ETF and Ethereum spot ETF under ChinaAMC (Hong Kong), Harvest International and Bosera Asset Management. These six spot ETF products opened for subscription from April 25th to 26th and were listed on the Hong Kong Stock Exchange on April 30th. Through the subscription, the six Hong Kong spot ETFs obtained a decent initial scale. According to SoSoValue data, the total net value of the three Bitcoin ETFs is $248 million, and the total net value of the three Ethereum ETFs is $45 million, with a total net value of nearly $300 million; while the first-day total net value of the US Bitcoin spot ETF products, excluding Grayscale (GBTC), was only $130 million. However, in terms of first-day trading volume, Hong Kong’s cryptocurrency ETFs are far smaller than their counterparts in the United States. According to SoSoV...

Table of Contents Introduction PawFury (PAW): The Rising Star Shiba Inu (SHIB): The Dogecoin Rival Dogecoin (DOGE): The Original Memecoin The Rise of Ethereum (ETH) Conclusion Ethereum (ETH) has been making headlines with its recent price surges, sparking interest and excitement across the cryptocurrency community, including among memecoin enthusiasts. This article delves into the views of those invested in popular memecoins like PawFury (PAW), Shiba Inu (SHIB), and Dogecoin (DOGE), regarding Ethereum’s potential to hit new highs. PawFury (PAW): The Rising Star PawFury (PAW) is quickly gaining traction in the crypto community. Its recent presale success, raising over $2.5 million, highlights the strong investor interest and confidence in this altcoin. With an active Telegram community boasting over 30,000 members, PawFury is building a solid foundation for future growth. Currently priced at $0.00844, analysts predict that PAW could s...

The native altcoin of a decentralized education platform surged by over 117% this week amid news that a web3 firm has plans to purchase the token. Open Campus’ governance and utility asset, EDU, is trading at $1.10 at time of writing, up from its seven-day low of $0.505. The 252nd-ranked crypto asset is also up more than 12% in the past 24 hours. Open Campus aims to foster an ecosystem that “connects learners, educators, content creators and educational institutions,” according to the project’s whitepaper. The EDU Chain bills itself as the “first layer-3 blockchain built for education.” EDU’s price surge materialized as Animoca Brands, a web3 and blockchain gaming firm, announced a plan to acquire more EDU tokens on the open market. Explains Animoca, “Animoca Brands firmly supports the work of Open Campus and the EDU Foundation, including in particular the upcoming EDU Chain, the first layer-3 (L3) blockchain spec...

Bitcoin recently rose above $66,000 for the first time since April. This recent price rally from the flagship crypto is believed to be due to several factors, including the recently released inflation data.  Inflation Data Comes In Lower Than Expectations The Consumer Price Index (CPI) inflation data was announced on May 15 and came in lower than expected. The CPI rose by 0.3% in April, against forecasts of 0.4%. The CPI data was also lower than those recorded in March and February, when inflation rose by 0.4%. Related Reading How High Can The XRP Price Go? Crypto Analyst Unveils 6-Month Prediction 1 week ago Therefore, the latest inflation data suggests that inflation in the US might be slowing down. This development has provided some relief for investors , as the Fed is likely to maintain a dovish stance and consider rate cuts as infl...

A crypto analyst has made a rather cryptic prediction, suggesting that the approval of Ethereum Spot ETFs by the United States Securities and Exchange Commission (SEC) could unleash a new wave of “animal spirits.” This term in crypto is often used to describe an irrational exuberance and optimism that fuels financial markets.  Ethereum Spot ETF To Reignite Animal Spirits In an X (formerly Twitter) post on May 22, a crypto analyst identified as “the DeFi Villain,” made a bold forecast, anticipating the resurgence of the bull run altcoin season following the SEC’s approval of Ethereum Spot ETF . The analyst revealed that the approval could let loose “animal spirits,” driving renewed demand and positive sentiment in the market and possibly resulting in a bull market.  Related Reading Bitcoin Price Drop Below $70,000 Apparently Driven By Lack Of Interest, Glassnode Data Shows 1 da...

The Ethereum Foundation , a non-profit organization that supports the Ethereum ecosystem, recently transferred a significant amount of ETH . Given what this transaction could imply, it has drawn the crypto community’s attention, which is already speculating about whether the market top might be in.  Ethereum Foundation Moves 1,000 ETH On-chain analytics platform SpotOnChain revealed in an X (formerly Twitter) post that the Ethereum Foundation transferred 1,000 ETH ($3 million) to a middle multi-signature wallet (0xbc9) on May 8. This development is more concerning as SpotOnChain revealed that the Foundation has made other transactions since the start of 2024. Related Reading What Triggered The 6,350% Spike In XRP Long Liquidations Compared To Shorts? 2 weeks ago According to the platform, the Ethereum Foundation has sold 1,766 ETH...

The Ethena price dropped by a fraction of a percentage to trade at $0.84 as of 02:54 a.m. EST on trading volume that soared 167% to $770 million. But ENA was still the top trending crypto on CoinMarketCap after the U.S. Securities and Exchange Commission (SEC) approved eight Ethereum ETFs  (exchange-traded funds) , in what was seen as a landmark regulatory breakthrough for the crypto industry. BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It's really happening. h/t @PhoenixTrades_ pic.twitter.com/KQ39mDyCbT — James Seyffart (@JSeyff) May 23, 2024 Despite the news, ETH plunged 4% in the last 24 hours to trade at $3,667 as traders sold on the news. As Ethena is built on the Ethereum blockchain, its performance was also dragged back. But it’s still up almost 19% in a week, fired by expectations of ETH ETF approvals. The Ethena price retraced in May, dropping from the $0.89 resistance to find support around $0.65, ...